Word forms: (regular plural) black knights
( Finance : Corporate )
A black knight is a firm that launches an unwelcome and contested takeover bid for some other firm.
The company has a preplanned strategy to be put into action in the event of a hostile
takeover bid by a black knight.
A black knight is someone making an unwelcome takeover attempt of a company, especially with the
intention of selling it off or breaking it up into different organizations.
Collins English Dictionary. Copyright © HarperCollins Publishers